For the fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. If you eat 100 meals, your marginal cost of the 100th meal is:

A. $4.
B. $0.
C. $0.25.
D. $6.


Answer: B

Economics

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Suppose the market consists of 3 individuals: Citizen A, Citizen B and Citizen C.If the good shown on the graphs is a private good, then at a price of $4, market demand is ________ units.

A. 5 B. 30 C. 60 D. 10

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A normal profit is:

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The decision by firms to enter a market shifts the market supply curve to the right.

Answer the following statement true (T) or false (F)

Economics